December 28, 2006 08:45 ET

INNOTELCO to Commence Shipments of Telecommunications Products From China to North African Countries

TORONTO -- (MARKET WIRE) -- December 28, 2006 -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that it expects to commence shipments of telecommunications products which will be shipped from China to the North African countries of Algeria, Libya, Tunisia and Yemen. INNOTELCO believes that the initial shipment can expand into a series of shipments which will create a revenue stream for several years.

Approximately $3,000,000 to $6,000,000 in telecommunications products should be shipped by the end of June 2007. INNOTELCO may realize as much as $1.8 million in revenues for its participation in the facilitation of these shipments. This contract is in addition to the revenues that the company expects to realize from the sugar and feed barley shipments which were announced this month.

Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "This is truly a very exciting time for our company. Over the past few years, we have worked diligently to create an infrastructure which will allow INNOTELCO to be a facilitator of large scale commodity-type transactions. We now have an infrastructure which will allow us to ship products from China and South America to several North African countries."

Mr. Popovic concluded by saying, "It gives me great pleasure to begin announcing this series of great news to our shareholders. We appreciate their loyalty."


INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.

INNOTELCO is also engaged in the construction of a worldwide business network which will result in a seamless facilitation of larger scale commodities transactions. This network will span the world from Asia into Easton Europe, North Africa, and reaching as far as Sao Paulo, Brazil.

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," "expect," "estimate," "project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. INNOTELCO, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.

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